Karnataka approves projects worth Rs 13k cr amid Covid-19 second wave
ECONOMY & POLICY

Karnataka approves projects worth Rs 13k cr amid Covid-19 second wave

The Karnataka government has cleared projects worth Rs 13,175 crore across the state amid the Covid-19 pandemic, with a JSW liquid oxygen production project being one of the prominent one.

The generation of liquid oxygen by Jindal Steel Works (JSW) is a prominent project which includes a major investment.

At a time, when JSW was the single biggest source of medical oxygen in the state, nearly 440 million tonne (mt) at full extent, an added facility is expected to help Karnataka in the long run and add to the capability of the steel manufacturing major.

The project, sub-leased from JSW steel Ltd will be performed by a subsidiary of its under the name of JSW Techno Projects Management Ltd at Rs 892 crore in Toranagallu, Ballari.

Another important project which obtained approval from the state high level clearance committee (SHLCC) was that of a single unit complex of Indian Oil Corporation Ltd (IOCL) in Chitradurga for accommodation and dispatch of petroleum on a 130-acre land parcel.

Apart from this, the government also sanctioned a major real estate construction of an integrated township at Yelahanka on a land parcel of 211 acre, which will be constructed by Rasasri Tech Park Ltd.

Overall, the government sanctioned 10 projects in the state with three of them being in rural Bengaluru and one in urban districts of Bengaluru. In total, the projects are spread over seven districts.

Image Source


Also read: Property registrations across Karnataka halted as state announces lockdown

Also read: Bengaluru Metro Rail Corp extends Metro Airport line tender due to lockdown

The Karnataka government has cleared projects worth Rs 13,175 crore across the state amid the Covid-19 pandemic, with a JSW liquid oxygen production project being one of the prominent one. The generation of liquid oxygen by Jindal Steel Works (JSW) is a prominent project which includes a major investment. At a time, when JSW was the single biggest source of medical oxygen in the state, nearly 440 million tonne (mt) at full extent, an added facility is expected to help Karnataka in the long run and add to the capability of the steel manufacturing major. The project, sub-leased from JSW steel Ltd will be performed by a subsidiary of its under the name of JSW Techno Projects Management Ltd at Rs 892 crore in Toranagallu, Ballari. Another important project which obtained approval from the state high level clearance committee (SHLCC) was that of a single unit complex of Indian Oil Corporation Ltd (IOCL) in Chitradurga for accommodation and dispatch of petroleum on a 130-acre land parcel. Apart from this, the government also sanctioned a major real estate construction of an integrated township at Yelahanka on a land parcel of 211 acre, which will be constructed by Rasasri Tech Park Ltd. Overall, the government sanctioned 10 projects in the state with three of them being in rural Bengaluru and one in urban districts of Bengaluru. In total, the projects are spread over seven districts. Image Source Also read: Property registrations across Karnataka halted as state announces lockdown Also read: Bengaluru Metro Rail Corp extends Metro Airport line tender due to lockdown

Next Story
Equipment

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Next Story
Infrastructure Energy

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Next Story
Infrastructure Energy

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App